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WA › Morley › Croesus St

38 Croesus St, Morley WA 6062

For saleHouse for Sale

$1,250,000

For sale

Asking

5

Bedrooms

2

Bathrooms

2

Car spaces

1,012 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,250,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,250,000(Listing record · 24 Aug 2026)
  • FactLand 1,012 m²; no building size recorded.(Property record)
  • CalculationAsk is 28% above the Morley median recorded sale ($975,000, n=53, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Morley's advertised median rent ($718/wk), implied gross yield would be 2.99% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$1,250,000

Asking · $1,235/m² of land

No recorded sale for this property.

Morley at a glance

25,310

People

$975,000

Median sale

$718/wk

Median rent

3.83%

Suburb gross yield

Median sale from 53 recorded sales (last 12 months) — a Districts calculation.

See the full Morley report →

Vs Morley

+28.2%

Median sale

Suburb $975,000

-0.84 pp

Gross yield

Suburb 3.83%

Suburb median $975,000 from 53 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,250,000
Stamp Duty (Western Australia)
$55,491
Transfer/Registration Fee
$225
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,309,416

$59,416 on top of the price (4.8% extra)

  • Stamp Duty (Western Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Western Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Morley's advertised median rent — not a rent for this listing.

Net yield
1.49%
Annual cashflow (pre-tax)
$-46,414
Interest cover (DSCR)
0.29
Annual rent
$37,336
Operating expenses
$18,750
Loan amount
$1,000,000
Annual interest
$65,000
Gross yield
2.99%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,250,000available24 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

WA

Why this lot, not just this suburb

Why could this property outperform?

WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 1,012 m² — that is not official geometry. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $718/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 3.0%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 1,012 m² — that is not official geometry.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Morley in one glance

Morley at a glance

25,310

People

$975,000

Median sale

$718/wk

Median rent

3.83%

Suburb gross yield

Median sale from 53 recorded sales (last 12 months) — a Districts calculation.

See the full Morley report →

Keep researching

  • Why Morley? Read the area thesis →
  • What else is on the market in Morley →
  • Other records on Croesus St →

Listing material

Listed by Ross Realty WA

A Property For Every Plan!

Charm, versatility and a whopping just-under-1,012sqm of R25-zoned land combine to create an opportunity with more than one exciting future.

Enjoy the existing character-filled 3 bedroom 1 bathroom family home as it stands, roll up your sleeves and renovate it into something special, while the separate rear 2 bed 1 bath "studio" adds another valuable layer for extended family, guests or independent living. Those with bigger plans can explore the potential to remove the studio and retain the front house while building at the rear or clear the lot altogether and investigate the possibility of three new dwellings - all subject to relevant Western Australian Planning Commission and local-council approvals.

A spacious front living room welcomes you inside, graced by warming jarrah floorboards and split-system air-conditioning for climate control. A functional open-plan dining and kitchen area - on the other side of double sliding doors - features a ceiling fan, a breakfast bar quick bites, double sinks, tiled splashbacks, a double-door storage pantry, a range hood and an electric upright cooktop/oven.

Read the full description

A separate toilet can be found off the laundry, whilst a generous master bedroom occupies the centre of the residence's layout. The adjacent second bedroom is also large in size and boasts built-in wardrobes, as does a neighbouring third bedroom - connected to a massive sitting/family room that has its own split-system air-conditioner on the wall and features charming brickwork.

Catering for everybody's personal needs within the practical bathroom is a separate shower and bathtub. Both are complemented by built-in linen storage. The laundry and family room both extend outdoors to a terrific under-cover outdoor patio-entertaining area, overlooking an enormous north-facing backyard with lawn, a full-size clothesline, multiple garden/storage sheds, a cubby house for the kids to play in and heaps of room for a swimming pool down the track - if you are that way inclined.

The corner "studio" has its own attached patio for entertaining, as well as an open-plan living, meals and kitchenette area, a split-system air-conditioning unit, double sinks, a water-filter tap, ample power points, a modern fully-tiled second bathroom with an open shower, toilet, vanity and storage and a flexible bedroom/sitting room next to another bedroom, allowing you to put your own spin on things.

You will fully appreciate living so close to public transport, Hampton Senior High School, other excellent educational facilities, local shopping villages, the soon-to-be-redeveloped Galleria Shopping Centre, lush neighbourhood parklands, the new Morley Train Station and major arterial roads - for effortless access to the city, the coast, Perth Airport, our picturesque Swan Valley and beyond.

Live in it, love it, renovate it, retain and build or redevelop - whatever type of buyer you are, this is one property that keeps your options exceptionally open. Contact Nigel Ross today for more information!

Features include, but are not limited to:

• Classic mid century character home

• 9ft ceilings

• Classic original cornices

• Jarrah flooring & original architraves

• Two separate living areas to the main 3x1 house

• Electric-upright cooker in the kitchen

• Outdoor patio entertaining

• Massive north-facing backyard with garden sheds

• Separate rear 2x1 "studio" with its own living/meals/kitchen area

• Patio entertaining off the "studio"

• Split-system air-conditioning

• Ceiling fans

• White plantation window shutters

• Feature ceiling cornices

• Skirting boards

• NBN internet connectivity

• Security doors and screens

• Established lawns

• Easy-care gardens

• Double carport

• Ample paved driveway parking space

• Gated rear access to the "studio"

• Generous 20.12-metre (approx.) frontage

• Huge 1,012sqm (approx.) block with R25 zoning

• Retain/sub-divide and triplex-development potential (STCA)

Some photographs have been virtually staged to demonstrate the potential use of the space. The furniture and furnishings depicted are for illustration purposes only and may not be present in the property. Prospective purchasers should rely on their own inspection and enquiries

Listing description written by Nigel Ross, Ross Realty WA — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.